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On June 1, Kaspersky Software has 250,000 common shares issued and outstanding. If Kaspersky declares and distributes a 25% stock dividend on June 15th
On June 1, Kaspersky Software has 250,000 common shares issued and outstanding. If Kaspersky declares and distributes a 25% stock dividend on June 15th when the market price (fair value) of its shares is $12 per share. Required: 1 Record the journal entries to record the dividend, no descriptions are required. 2 What is the overall effect on Kaspersky's total assets, liabilities and shareholders equity? How many shares are issued after the split? Marks Available: 2
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
